April 7, 2017
Credit cards transformed spending behavior. Before their introduction, everyone carried a check book or used cash to make their purchases. When they traveled, they often bought travelers’ checks that were seen as the most secure way to carry money. These days, issuing checks is rare though of course e commerce has accelerated the demise of […]
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April 6, 2017
Most businesses run on debt. Beginning with small-business loans and surviving on credit cards, lines of credit, microloans, cash advances, and more, businesses acquire most of their funding by borrowing it. On one hand, this motivates business owners to make their businesses profitable ― but on the other hand, acquiring so much debt is rightfully […]
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